








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Rental property for sale in Lebanon at 869 Mulligan Place Turtle, Lebanon, OH, 45036 priced at $499,900 converts $3,211/mo rent into after a $2,447/mo obligation. Total monthly income equals $3,211/mo. Return on cash invested prints 18.92% in year one, and rental yield reads 7.71% against a $499,900 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,113 by year five. Five-year ROI reaches 98.18% and total cumulative return in cash sums $162,696. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,211/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Single Family
Built in 2024
7,283 sqft lot
$N/A/sqft
$715 annually HOA
Neighborhood data shown for ZIP Code: 45036, Lebanon, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,137 (100%) |
| Owner Occupied HU | 11,405 (70.7%) |
| Renter Occupied HU | 4,230 (26.2%) |
| Vacant Housing Units | 502 ( 3.1%) |
| Median Home Value | $380,580 |
| Average Home Value | $426,576 |
Residential
15,577
Single Family
14,233
Multi-Family
1,344
Businesses
1,022
Date | Event | Price |
|---|---|---|
| 2025-03-21 | Listed for sale | $499,900 |
| 2024-08-05 | Listing removed | $499,900 |
| 2024-07-20 | Listed for sale | $499,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-24 | $1667.44 | N/A | $37,170 | N/A |
| 2022-03-24 | N/A | N/A | N/A | N/A |



Listed by: Caroline Kramer • Comey & Shepherd REALTORS
Mls Name: DABR MLS
Mls Provider:
Mls ID: #930264
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright Dayton Area Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.